# Ventspils Fan Factory invests EUR 259,000 in new equipment

SIA Ventspils ventilatoru rūpnīca (Ventspils Fan Factory) has received EUR 210,000 in funding from Luminor to purchase two new pieces of equipment for metal cutting and folding, with a total cost of EUR 259,000. The investment aims to increase production capacity and expand cooperation with customers.

- Type: Investment
- Announced: 2020-11-24
- Where: Ventspils, Latvia, Latvia
- Value: $307K (259K EUR)
- Status: announced
- Products: industrial fans, metal cutting equipment, metal folding equipment
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Ventspils ventilatoru rūpnīca](https://endata.com/companies/51422.md)
- [Luminor](https://endata.com/companies/51423.md) (investor)

## Sources

- [luminor.lv](https://www.luminor.lv/en/news/luminor-grants-eur-210-thousand-euro-funding-ventspils-ventilatoru-rupnica), 2020-11-24: "We are glad that we can support this company and contribute to its development."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.